“The digital currency Bitcoin is perhaps best known for its use in buying illegal drugs from online stores like the now-defunct Silk Road. An upcoming Federal Election Commission ruling will expand what you can buy with bitcoins into a strictly legal realm: purchasing politicians.
"The FEC is set to approve an advisory opinion this week allowing federal political campaigns to accept contributions in bitcoins. The agency will treat bitcoins the same way it treats donations of stock, as an in-kind gift worth the amount at which it was valued at the time of contribution.”
What could go wrong?
It’s taken for granted that lobbyists influence legislation. But perhaps less obvious is that they often write the actual bills — even word for word.
What happened in money-in-politics this week? Here’s a wrap up. (via Public Campaign)
This paragraph says a lot about Washington and politics (and Mitch McConnell):
"McConnell has often exercised power in D.C. by pressuring major donors to withhold donations from a given lawmaker or organization. His allies on K Street are often the people who deliver this message and “enforce” it. SCF is receiving most of its donations from a large number of individuals who send in small-dollar amounts. McConnell can’t easily pressure these grassroots donors — they aren’t professional politicians and they’re far from D.C."
House Minority Leader Nancy Pelosi (D-Calif.) appeared on “The Late Show with David Letterman” Tuesday night to deliver a top 10 list on “things you never knew about the House of Representatives.”
Number 4 (pictured) might not be that unbelievable?